AVP - Cash Reconciliation

Company Overview:
Our client is a well-established, Fortune 500 technology-enabled financial services organization experiencing ongoing growth and transformation. The company fosters a collaborative and dynamic culture with strong leadership and opportunities to impact enterprise-level accounting operations.

ROLE OVERVIEW:
The Assistant Vice President (AVP), Cash Reconciliation is a senior leadership role within Finance & Operations, responsible for overseeing daily cash and asset reconciliation activities and ensuring strict compliance with SEC Rule 15c3-3 (Customer Protection Rule).

This leader plays a critical role in safeguarding the firm’s financial integrity by managing complex reconciliation processes, overseeing the daily Customer Reserve Calculation, strengthening internal controls, and partnering closely with Treasury, Accounting, Compliance, Risk, and Technology teams. The role combines deep technical expertise, regulatory knowledge, and people leadership in a fast-paced broker-dealer environment.

KEY RESPONSIBILITIES:

Cash & Asset Reconciliation Oversight

Lead end-to-end daily reconciliation of cash, clearing, suspense accounts, and asset positions across custodians and trading platforms

Review and resolve breaks, exceptions, and aged items in accordance with internal policies and FINRA/SEC requirements

Oversee interest, corporate actions, and other cash-related activity Daily Customer Reserve Calculation (SEC Rule 15c3-3)

Oversee preparation and review of the daily Customer Reserve Formula calculation, ensuring full regulatory compliance

Validate segregation requirements, debit/credit computations, and proprietary balances

Coordinate with Treasury, Accounting, and Regulatory Reporting to ensure timely movement of funds into and out of Reserve Bank Accounts

Ensure proper documentation, controls, approvals, and audit support for reserve processes

Identify and remediate discrepancies, system issues, or calculation breaks Month-End Close & Accounting

Approve journal entries including cash reclasses and interest accruals (daily/monthly)

Perform monthly account certifications and reconciliations

Provide income statement and balance sheet fluctuation analysis (monthly and quarterly)

Support internal and external audits Governance, Controls & Compliance

Maintain and enhance internal controls supporting cash, asset, and reserve processes

Partner with Internal Audit, Compliance, and Risk on audits, exams, and regulatory inquiries

Ensure adherence to FINRA, SEC, and internal policy requirements Team Leadership & Development

Lead, coach, and develop a team of reconciliation analysts and senior specialists

Align resources to meet critical daily deadlines and regulatory timelines

Foster a culture of accuracy, risk awareness, accountability, and continuous improvement Systems & Process Improvement

Drive automation and process enhancements across reconciliation and reserve systems

Lead UAT, system upgrades, data validations, and performance improvements

Partner with technology teams on root cause analysis and remediation of system issues Reporting & Stakeholder Partnership

Deliver daily, weekly, and monthly reconciliation and reserve reporting to senior stakeholders

Escalate material reconciliation issues or reserve variances posing financial or regulatory risk

Support regulatory filings and financial reporting as required DESIRED BACKGROUND:

Bachelor’s or Master’s degree in Finance, Accounting, Business, or related field

8+ years of experience in finance, accounting, cash reconciliation, broker-dealer operations, or financial controls

Series 99 (or ability to obtain within 120 days of hire)

Expertise in SEC Rule 15c3-3 and broker-dealer regulatory requirements

Proven leadership experience managing teams or senior analysts

Advanced Excel skills and experience with reconciliation platforms

Experience with Oracle, BETA, Kyriba, or similar broker-dealer systems a plus

Prior ownership of Customer Reserve Calculations a plus

CPA or other relevant certifications a plus

Experience driving automation and process optimization initiatives Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of…